Chennai: Prime Minister Narendra Modi addressed a webinar on effective implementation of Budget provisions regarding Financial Services through video conference.
Addressing the event, the Prime Minister said a clear roadmap has been laid out in the Union Budget on how to expand the participation of the private sector and strengthen the public sector institutions. He added the government’s vision of the country’s financial sector is very clear.
Our top priority is to ensure that the depositor as well as investor experience, trust and transparency. The old ways and old systems of banking and non-banking sectors are being changed.
He assured the audience that the government understands the uncertainties of the business and recognises that every business decision is not underlined by bad intentions. In such a scenario, it is the responsibility of the government to stand by business decisions taken with clear conscience, we are doing this and will continue to do so. Mechanisms like insolvency and bankruptcy code, are assuring the lenders and borrowers, he said.